Steve MillerPublished 2026-09-11
“askSlim Market Week Brief 09/11/26 - Analysis of Financial Markets”
$XLIBearish
XLI is technically bearish and lagging; it must base out near the 200-day moving average before bouncing.
As an example, I'm noticing here that XRT and XLI are in the in sync box and that they're in the late breakdown box. That tells me that there's a high probability that those are suffering daily cycle breakdowns.
XLI has obviously been lagging badly here and very much in line with what's happening uh with some of the names tied to the IWM. Uh 824 to 105 RS has turned down corrective mode.
What's going on with this overall translation? Still positive. Okay, still holding up, but a little bit weaker.
What they said to watch for